2017 Conference on “Banks, Systemic Risk, Measurement and Mitigation”

"Complex links among financial market participants and institutions are a hallmark of the modern global financial system. Across geographic and market boundaries, agents within the financial system engage in a diverse array of transactions and relationships that connect them to other participants. Indeed, much of the financial innovation that preceded the most recent financial crisis increased both the number and types of connections that linked borrowers and lenders in the economy.", YELLEN, (2013). Significant concerns about the stability of the international financial system have been raised in recent years in numerous official international summits and reports, academic papers, and core principles and guidelines issued by Supervisory authorities. Academia has also dedicated studies to systemic risk. Despite a general consensus on the importance of systemic risk and the need to keep it under control, considerable differences remain. In this perspective, it is important to understand: what is systemic risk? Which are the systemically important financial institutions? How can and do we measure systemic risk? What is the point of view of the Supervisory Authority? And, in particular, are there significant differences in the view of the Supervisory Authorities and the results in the academic literature? The conference is aimed at creating a forum in which to enable policy makers and academia to share views on measurement and mitigation of systemic risk.